Internal control, Fraud

We offer services in internal audit, internal control, fraud and investigation. Our team members have several years of experience working as internal and external auditor. Also, previously worked as internal auditor and fraud consultant to major companies in Nigeria.

Internal Control, Fraud Detection and Internal Audit.

It is common for management to believe that the controls within their organizations are working efficiently. Although many times controls may not be functioning as intended, may not be fully implemented, or may not have been initially implemented at all – which creates a significant risk for an organization. The goal of implementing the proper controls is to protect the business from all types of losses which may result in a financial loss. The Internal Audit Department can help meet these needs through its specialization in process review, fraud detection, operational quality, internal control and regulatory compliance. Internal audit services help boards and senior executives effectively manage enterprise risks and execute strategy by assisting organizations with protecting shareholder value and enhancing the effectiveness, quality and value received from internal audit.

PML Advisory’s Internal Audit Services can help your Company to achieve the above and more with our comprehensive approach that yields practical solutions.
We offer services in

Internal auditing

Internal control review

Fraud prevention and detection.

We also have an internal audit management solution which put the internal audit team completely in charge of their internal audit process from plan an annual audit, announcing the audit plan, executive the audit and putting together the audit documentation.

Internal control and Fraud

Designing of internal audit department systems within the organization.

Assisting in the selection and training of the internal audit staff, preparing the audit programs, assisting in the performance of the implementations and following up such implementations.

Preparing and presenting training seminars and workshops for internal auditors of commercial, industrial and financial institutions and companies.

Reviewing your existing internal audit function to ensure compliance with all regulations and ensure best practice

Advising on the options and arrangements available for your internal audit

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Internal control, Fraud

There are twelve months in the year, keeping your business in good shape is very important. A good place to start is to reflect on the past year, and get a clear understanding of what success looks like in 2018.
Below are few tips to help business owners in 2018:

Year in retrospect:

It is always good to look back especially on the finance of the company, in other to know where to make adjustment in the New Year. Though it might not be the end of your financial year, it is always good to do review. Such reviews should be carried out on sales receipts, invoice, and bank account details to ensure the figures add up. A good quality accounting software like “Sage Software” makes this easy to do and will do most of the work for you.

Interact with your accountant:

A brief chat with the accountant goes a long way in understanding the true state of the business books of account. Your accountant should give you a rough idea of what your tax will be, which will help in avoiding unpleasant surprises.

Review all goals (Revenue, sales, company, and growth):

Take some time to ask questions as to whether you are achieving the set goals, compare your set revenue to the previous year to check for any achievement. If there are lapses, it might be time to get professional advice from seasoned specialist.
(Check our website we render such services; www.pml.com.ng)

Reminder on tax law and filing deadline :

Always ensure you check updates on tax laws and regulations because it changes on a regular basis, the tax calendar can be placed on your table. It’s always good to know when to file and pay taxes.

Find out what customer think :

Feedback from customers is a great way to improve any product or service. In the New Year, what could be done better, strategies on getting and sustaining clients should efficiently be the target.
If only small business owners resolve to manage their account well and plan business finances carefully, there won’t be stress at the end of each year.
To achieve this, get help from an accountant or financial advisor like PML Advisory. You can visit our website for more details about our product and services. Click here to visit…. www.pml.com.ng